Profitable Award-Winning Gym with Loyal Membership & Prime Location

Description

Independent fitness club for sale in Federal Hill, Baltimore. The business has served the neighborhood for more than 24 years.

Business details

• Approximately 6,200 sq. ft.
• Annual revenue of approximately $410,000 or more
• Majority of revenue from recurring monthly memberships
• Additional revenue from personal training and small group training
• Owner-operator buyers preferred
• All-cash transaction

The seller will not consider financing contingencies or absentee ownership.

Facility

• Strength training area
• Functional training space
• Cardio equipment
• Group fitness area
• Personal training space
• Renovated locker rooms

The club operates from an industrial-style facility near Cross Street Market. Garage parking is available nearby.

Operations

The business uses web-based member management, procurement and operating systems. The seller states that financial records are professionally maintained and that there is no deferred maintenance.

Equipment, operating procedures, marketing assets, software systems and vendor relationships are included in the current operation.

Growth

The seller sees the largest near-term opportunity in expanding training revenue.

• Personal training
• Small group training
• Corporate wellness programs
• Youth fitness
• Specialty classes
• Nutrition coaching
• Local partnerships

Lease and transition

A new long-term lease is available for the buyer, subject to final agreement with the landlord.

The seller will provide training and transition support after closing.

Confidentiality

Additional financials, membership data and operating information are available after a confidentiality agreement is signed and financial capability is verified.

Due diligence

Buyers should verify active membership count, churn, monthly recurring revenue, training revenue, equipment ownership, payroll, lease terms, software contracts, search traffic, member liabilities, prepaid memberships and any personal training packages outstanding at closing.